Cooper Companies (NYSE:COO) Given New $360.00 Price Target at Piper Jaffray Companies

Share on StockTwits

Cooper Companies (NYSE:COO) had its target price upped by Piper Jaffray Companies from $330.00 to $360.00 in a report published on Tuesday, The Fly reports. They currently have an overweight rating on the medical device company’s stock.

COO has been the subject of several other research reports. Zacks Investment Research raised shares of Cooper Companies from a hold rating to a buy rating and set a $336.00 target price for the company in a research report on Friday, June 7th. Wells Fargo & Co boosted their target price on shares of Cooper Companies from $356.00 to $365.00 and gave the stock an outperform rating in a research report on Thursday, August 8th. Northcoast Research reissued a buy rating and issued a $340.00 target price (up previously from $331.00) on shares of Cooper Companies in a research report on Monday, June 3rd. Finally, Raymond James boosted their target price on shares of Cooper Companies from $325.00 to $364.00 and gave the stock an outperform rating in a research report on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $322.91.

Cooper Companies stock opened at $340.18 on Tuesday. Cooper Companies has a 12-month low of $228.65 and a 12-month high of $344.32. The stock has a market cap of $16.67 billion, a P/E ratio of 29.58, a price-to-earnings-growth ratio of 2.55 and a beta of 0.90. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.21 and a quick ratio of 0.68. The business’s fifty day moving average price is $333.93.

Cooper Companies (NYSE:COO) last released its quarterly earnings results on Thursday, May 30th. The medical device company reported $2.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.76 by $0.18. Cooper Companies had a net margin of 16.46% and a return on equity of 17.25%. The firm had revenue of $654.30 million for the quarter, compared to the consensus estimate of $655.00 million. During the same quarter in the previous year, the firm posted $2.86 EPS. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, sell-side analysts predict that Cooper Companies will post 12.27 earnings per share for the current year.

The business also recently announced a Semi-Annual dividend, which was paid on Wednesday, August 7th. Stockholders of record on Tuesday, July 23rd were given a $0.03 dividend. The ex-dividend date was Monday, July 22nd. Cooper Companies’s payout ratio is currently 0.52%.

In other news, Director Jody S. Lindell sold 3,000 shares of the business’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $328.29, for a total value of $984,870.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gary S. Petersmeyer sold 355 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $323.92, for a total transaction of $114,991.60. The disclosure for this sale can be found here. Insiders sold a total of 77,678 shares of company stock valued at $25,063,536 in the last three months. Insiders own 1.70% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in COO. Ossiam acquired a new position in shares of Cooper Companies in the 2nd quarter valued at about $25,000. Flagship Harbor Advisors LLC boosted its holdings in shares of Cooper Companies by 62.5% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 78 shares of the medical device company’s stock valued at $26,000 after buying an additional 30 shares during the period. NumerixS Investment Technologies Inc acquired a new position in shares of Cooper Companies in the 2nd quarter valued at about $34,000. Evolution Wealth Advisors LLC acquired a new position in shares of Cooper Companies in the 2nd quarter valued at about $34,000. Finally, Whittier Trust Co. acquired a new position in shares of Cooper Companies in the 2nd quarter valued at about $53,000. 96.10% of the stock is owned by institutional investors.

About Cooper Companies

The Cooper Companies, Inc operates as a medical device company worldwide. It operates through CooperVision and CooperSurgical business units. The company develops, manufactures, and markets a range of contact lenses, including spherical lenses, and toric and multifocal lenses that correct near- and farsightedness, as well as addresses various complex visual defects, such as astigmatism and presbyopia.

Read More: Fundamental Analysis

The Fly

Analyst Recommendations for Cooper Companies (NYSE:COO)

Receive News & Ratings for Cooper Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cooper Companies and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

EJF Capital LLC Lowers Stake in Sandy Spring Bancorp Inc.
EJF Capital LLC Lowers Stake in Sandy Spring Bancorp Inc.
EJF Capital LLC Buys New Position in Radian Group Inc
EJF Capital LLC Buys New Position in Radian Group Inc
EJF Capital LLC Has $7.26 Million Position in Rhinebeck Bancorp Inc
EJF Capital LLC Has $7.26 Million Position in Rhinebeck Bancorp Inc
EJF Capital LLC Buys Shares of 402,288 Mainstreet Bank Common Stock
EJF Capital LLC Buys Shares of 402,288 Mainstreet Bank Common Stock
EJF Capital LLC Grows Stock Position in First Savings Financial Group Inc
EJF Capital LLC Grows Stock Position in First Savings Financial Group Inc
SB Financial Group Inc  Shares Bought by EJF Capital LLC
SB Financial Group Inc Shares Bought by EJF Capital LLC


© 2006-2019 Ticker Report